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Comparative advantage- what it means?
A country can come up with comparative advantage compared to any other countries when it comes to production of good and this can also produce lower opportunity cost. It can easily forego less of goods to produce it. There are different benefits of comparative advantage:
Through benefits of comparative advantage it can surely result in improved national income. Valuable intangible assets can easily have any experienced and skilled workplace. Through comparative advantage a company can easily enhance their profit while emphasizing on its production process. This can add up the comparative advantage to particular company compared to its competitors.
Benefits of trade
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